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As the Minister of Justice, Mariano Cúneo Libarona, had anticipated last Friday, the Government made official the reforms in the automotive market, established the reduction of tariffs for the purchase and sale of cars and created the Single Digital File (SDF) and he nuevo Digital Certificate that will be used for saleThis was established through resolutions 272/2024 and 273/2024published this Monday in the Official Gazette.
From now on, the cost of the transfer vehicular will be 1% in relation to the value of the property and there will be no charge for issuing identification cards automotive, titles, plates, patents or the certification of up to two signatures. According to the ministry’s estimates, these changes represent “an additional monthly saving of $1.3 billion for Public Administration” and that they “return to the Argentines’ pockets more than $36 billion per year.”
As LA NACION had anticipated, “said Single Digital File (LDU) has the purpose facilitate an open, accessible and standardized registration serviceunder national jurisdiction, which allows the registrations or annotations requested by the registered owners or by authorized intermediaries for the entire set of motor vehicles.”
“It will be composed of a Digital Automotive Certificate (CDA), provided by the Single Automotive Registration System (SURA) and a digital repository that will contain the digital images of all the Type Requests that implement the registration of a procedure generated after the entry into force of this”, he explains.
In Article 3, the resolution provides for the elimination of the “sectional jurisdiction division polygons” and adds: “the sole jurisdiction throughout the territory of the Argentine Republic allowing the free choice of the Sectional Registry in accordance with the parameters set by the National Directorate“.
This means that The transfer of a car may be filed in the registry that the person chooses, without being tied to the jurisdiction that was assigned to him.as is currently the case.
Finally, Delete all Records seized by DNRPA agents and orders the “immediate return to perform duties” in the aforementioned DNRPA to all employees of the Ministry of Justice who work in the aforementioned registries.
All these measures follow the line of economic deregulation decree issued by the Government last December, where it had been established that The procedures for registering and transferring a vehicle can be done digitally and in a simplified manner, without having to go in person to the vehicle registry where the car is registered.
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Understanding the Recent Automotive Market Reforms in Argentina
Table of Contents
As the automotive landscape evolves, the Argentine government has introduced significant reforms aimed at enhancing the buying and selling process in the automotive market. Recently, the Minister of Justice, Mariano Cúneo Libarona, announced reforms that promise to simplify transactions and reduce costs for consumers. Official resolutions 272/2024 and 273/2024 outline these changes, which are expected to have far-reaching implications for car buyers, sellers, and the public administration budget.
Key Changes to the Automotive Market
1. Reduction of Tariffs
The most notable aspect of the recent reforms is the reduction of tariffs associated with the purchase and sale of cars. This move is expected to lower the financial barrier for consumers looking to invest in vehicles. According to government projections, these changes could lead to an annual savings of over $36 billion for Argentine citizens.
2. Introduction of the Single Digital File (SDF)
The new Single Digital File (SDF) has been established to streamline automotive registrations. This digital platform will provide:
- An open and accessible registration service under national jurisdiction.
- Simplified processes for registered owners and authorized intermediaries to handle registrations or annotations for all types of motor vehicles.
This initiative aims to create a standardized approach to car registration, reducing bureaucratic hurdles that have often hindered transactions in the past.
3. Digital Automotive Certificate (CDA)
Alongside the SDF, the government will implement a Digital Automotive Certificate (CDA) through the Single Automotive Registration System (SURA). This certificate will serve critical functions, including:
- Providing digital proof of vehicle ownership.
- Hosting digital images and all documentation related to vehicle registration procedures that commence after the reforms take effect.
This digitization effort signifies a modern approach to automotive transactions, aligning with global trends towards digital and efficient management systems.
4. Cost Reductions for Vehicle Transfers
Under the new regulations, the cost for vehicular transfer fees is set to be reduced to a mere 1% of the vehicle’s value. Moreover, there will be no associated charges for:
- Issuing identification cards for vehicles
- Titles
- Plates or patents
- Certification of up to two signatures
These changes present a substantial financial advantage for consumers and are expected to save the public administration approximately $1.3 billion monthly.
5. Elimination of Sectional Jurisdiction Divisions
Revolutionizing how vehicle transfers are processed, the new regulations abolish the previous constraints set by “sectional jurisdiction division polygons.” This allows:
- Freedom of choice regarding the Sectional Registry, enabling individuals to file vehicle transfers at their preferred registry, independent of assigned jurisdictions.
This flexibility empowers consumers and simplifies the process of vehicle ownership transfers.
Conclusion: A Step Towards Modernization in Argentina
The recent automotive market reforms in Argentina, marked by the introduction of lower tariffs, the Single Digital File, and the Digital Automotive Certificate, highlight the government’s commitment to modernizing the vehicle registration process. By reducing costs and streamlining transactions, the reforms are poised to enhance market accessibility for consumers while also generating savings for the public administration.
With these significant changes, both car buyers and sellers are set to benefit, ushering in a new era of efficiency and financial relief within the automotive sector. As consumers navigate these reforms, the hope is that Argentina will continue to move towards a more transparent and user-friendly automotive market.
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By focusing on these changes, potential buyers, sellers, and stakeholders can better understand how to engage with the new policies and leverage the benefits being offered in this evolving market landscape.
